XRG

3.77%

5.5¢ xreality group ltd

“one must be a moron to think that a business like this COULD be...

First 11 Last

Share
Profile

Follow
DerrickJ

412 Posts.

113

16/05/22

07:30

Post #: 61422708
Share

Originally posted by iminvestor101: ↑

I truly and sincerely believe that one must be a moron to think that a business like this could be worth 16m ev.

To be fair the company’s share price performed brilliantly in recent times for those who were trading it. Aside from that the valuation that it was reaching was fairly mind blowing. IMO it’s likely that it was the dark market forces of pumpers and dumpers that led to the sp rise and subsequent decline of this dud.

Knowing they will be running out of cash soon it will be interesting what the clueless managers running the company will do to secure funding. My thoughts are the dilution will be heavy and made to some sort of vulture like financier. After all, previous lenders had to take significant hits from their loans to the company. So we know this company is likely running on borrowed time and I would safely assume that selling any pumps on this and remaining short would be money making strategies. In fact if I had the financial and technological capacity, I would give this the valuation it deserves which imo should be about 3-6m ev so that at least the next fool who sees this turd as an opportunity can buy the shares closer to fair value.

Have any of the poor buy/held people on this forum tried contacting management at all? I mean, we know they are busy burning money pretending to run a “successful’ business, but when you can’t even get through to the management of a small and unsuccessful business, it makes you wonder how much they really care about shareholders. I know because I tried on multiple occasions before, to no avail.

I would tread with caution here to anyone thinking of buying. At the very least if you’re taking a punt, do it at the same stupidly cheap levels management have previously bought shares at. Otherwise I’m happy to put this one in the “wouldn’t touch it with a 10 ft pole” pile as the risk of insolvency here could be high.

gltah and dyor

Expand

“one must be a moron to think that a business like this COULD be worth 16m ev.”

I think the key word there is could. The market is a forward looking beast and with defence/military deals in the near future there is absolutely no reason as to why this company cannot be valued at 16M.

they’re a growing company teetering on cash flow positive. That’s the risk with investing in a company like this, but they’re only one decent announcement away from good returns for current shareholders.

yours truly,
a moron

XRG Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

Reply

Top Stories

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

RCE

Recce's R327 found effective against E.coli during clinical trial

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

There are more pages in this discussion • 2 more messages in this thread...

First 11 Last

Add XRG (ASX) to my watchlist

(20min delay)
Last 5.5¢		Change 0.002(3.77%)		Mkt cap ! $30.42M

Open	High	Low	Value	Volume
5.4¢	5.6¢	5.2¢	$61.59K	1.126M

Buyers (Bids)

No.	Vol.	Price($)
1	90	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.6¢	156159	2

View Market Depth

No.	Vol.	Price($)
1	90	0.055
1	54000	0.051
3	218809	0.050
1	20000	0.041
1	32000	0.031

Price($)	Vol.	No.
0.056	56159	1
0.057	166199	1
0.058	70000	1
0.059	105000	1
0.060	156248	2

Last trade - 15.44pm 28/06/2024 (20 minute delay)

XRG (ASX) Chart

“one must be a moron to think that a business like this COULD be...

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

“one must be a moron to think that a business like this COULD be...

Top Stories

Ava Risk Group expands US presence with A$0.7M Substation Deal

Microcap Wrap: 5 explorers with news out today

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News